Paris St-Germain need to sell 60m euros worth of players to meet FFP rules

Latest news

    Paris St-Germain need to sell 60m euros (£52.9m) worth of players by the end of June, to comply with financial fair play (FFP) rules.

    They were cleared of breaching FFP rules, but the French club’s transfer dealings from last summer onwards will remain “under close scrutiny”.

    Uefa opened an investigation into PSG’s spending in September.

    It came after PSG broke the world record transfer fee in August 2017 when they signed Neymar for £200m.

    They also signed Kylian Mbappe on loan, and could pay £165.7m for him this summer.

    “The financial impact of transfer activities as from the 2017 summer – up to and including the upcoming transfer window – and compliance with the break-even requirement for the 2018 financial year will remain under close scrutiny and will be thoroughly looked at in the coming weeks,” Uefa said in statement.

    European football’s governing body introduced FFP ‘break-even’ rules in 2013, requiring clubs to balance their spending with their revenue.

    In closing the investigation, Uefa said the “break-even result of the club remains within acceptable deviation” for the past three financial years.

    The seven-time French champions have been owned by the Gulf state of Qatar, via its Qatar Sports Investments fund, since 2011.

    More to follow.

    View the original article: https://www.bbc.co.uk/sport/football/44474415

    https://www.bbc.co.uk/sport/football/44474415

    In the same category are

    Caster Semenya: Olympic champion to challenge ‘unfair’ IAAF testosterone ruling Caster Semenya is a two-time Olympic champion and three-time world championWorld and Olympic 800m champion Caster Semenya is to challenge "unfair" ru...
    Why we fail to switch banks Image copyright Getty Images The numbers tell it all. The Competition and Markets Authority's investigation into the banking industry in 2016 found ...
    Ryanair calls for restricted airport alcohol sales Image copyright PA Image caption A flight from Dublin to Ibiza had to be diverted to Paris on Saturday after three passengers became disruptive Ry...
    Reality Check: The numbers behind the crackdown in Turkey Media playback is unsupported on your device Media captionWho's been affected by Turkey's state of emergency?Almost two years after a failed militar...
    Upskirting row: MP’s office targeted in ‘pants protest’ Image copyright Nigel Nelson Image caption Sir Christopher Chope's Commons office on Monday morning Anger over a Conservative MP's decision to blo...
    John Travolta mob film Gotti gets whacked by critics Image copyright AFP/Getty Images Image caption Travolta plays Gotti, pictured in 1990, at various points in his life and career John Travolta's tr...

    Leave a comment

    Your email address will not be published. Required fields are marked *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.